…and I fell for it. In my mind, I knew we were going to hell this week. Had I pressed my bets this morning, I would be up significantly today. I’m already out of [[AMZN]], and I loaded up more puts in [[PCLN]].
On the short side, I have heavy positions in [[CHL]], [[STP]], & [[PCLN]]. I wish still owned my puts in [[GNK]] -it’s dead.
Note: If you see me get long another stock, slap me.
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DRYS getting raped… will look to play that sucker again in the low 60s.
*slap*
Thanks for PCLN, went in short heavy today (Jun120). Punched myself for missing GNK and not selling CMP yesterday. However, the CHL play is working nicely.
love shorting CHL, Hat tip to Fly for that.
In addition to BEAV, ICE also is about to complete a multiyear H+S aka “middle finger of the apocalypse” pattern.
I just sold just over half of my GNK puts, getting my initial investment out. I’m wishing I would’ve bought JUNE puts instead of July for a greater % gain, but it’s nice to be able to have my July puts to hang onto longer if I need to.
I made the opposite mistake on CHL getting too aggressive with too short of time frame (at least it looks that way). Despite CHL being down, I am losing money on the position right now since it’s still far OTM, and losing time value fast.. I still could get there though for a monster gain if it continues it’s trend, so I’ll hang on till the bitter end… We’ll see, didn’t pay too much for it, so I’m not too concerned.
correction: I’m even on the position, I’m down the difference of the biid and ask.
Hattery, GU looks like a H&S too,no?